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10.08.24
Important Filing Deadline: The U.S. Corporate Transparency Act
As we approach the final quarter of 2024, we wanted to remind you of the rapidly approaching deadline for the new Beneficial Ownership Information (BOI) reporting requirements under the U.S. Corporate Transparency Act (CTA). As of this month, it is estimated that roughly four million of the expected 32.6 million reporting companies have submitted their initial BOI reports. As such, we expect a flurry of filings in the coming months as non-exempt companies formed or registered in the U.S. prior to January 1, 2024, have until January 1, 2025, to file their initial BOI reports. Please contact your attorney at Wilson Sonsini for more information on compliance with these BOI reporting requirements.
Alerts
1.03.24
New Year, New Laws, New Obligations: The Corporate Transparency Act's Beneficial Ownership Information Reporting Requirements
We are officially in the first week of 2024 and the U.S. Department of the Treasury’s Financial Crimes Enforcement Network’s (FinCEN’s) regulations on Beneficial Ownership Information Reporting Requirements (BOI Reporting Requirements) went into effect on January 1, 2024. FinCEN’s Beneficial Ownership Information Registry is now live, but don’t panic! We are here to help you navigate the BOI Reporting Requirements.
Client Highlights
11.01.21
Wilson Sonsini Advises Ambarella in Its Acquisition of Oculii
On October 26, 2021, Ambarella, an AI vision silicon company, announced it has entered into a definitive agreement to acquire Ohio-based Oculii. Oculii's adaptive AI software algorithms are designed to enable radar perception using current production radar chips to achieve significantly higher (up to 100X) resolution, longer range and greater accuracy. These improvements eliminate the need for specialized high-resolution radar chips, which have significantly higher power consumption and cost than conventional radar solutions. Oculii's software can be deployed on Ambarella's existing CVflow® SoCs, operating in conjunction with leading radar RF solutions to increase safety and reliability. Wilson Sonsini Goodrich & Rosati represented Ambarella in the transaction.